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20110710
20110710
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to sean o'keefe, the former nasa administrator who now heads eads. the company has big u.s. military contracts and plans to make those an even bigger percentage of the parent company's total revenue. thank you for joining us. you are a former secretary of the navy and former nasa administrator. you said to callou sean. i will go with mr. secretary. what a year you have had. you survive a tragic plane crash that took the lives of a beloved former mentor. your son survived. you survived. he also survived losing a big contract to boeing. eads is now setting new records for contracts. we want to talk about all of that. l's start with the final launch of the space shuttle atlantis. what are your thoughts? can the public sector takeover? >> this is been a remarkable event. it has a 30-year history of successful launches along with triumph and tragedy that goes along with the exploration agenda. it built the international space station. it could not have been built in assembled without the space shuttle. it was launched and successfully repaired several occasions. the hubble telescope gives
this big, grand compromise, the president and and congressional leaders need to negotiate to raise that limit. they're demanding 2 trillion in spending cuts be made to give the president the increase he wants and democrats demanding any deal to cut spending like that has to include an increase in tax revenue. the big question, going into tonight's meeting is whether a smaller deficit reduction deal is possible. both sides are saying it can be done. failure to do it would lead to economic meltdown. >> jon, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill daley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner has done last night. what's your reaction to the deal being pulled right now? >> it's very unfortunate the speaker made the comments he has. the president is committed to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can.
've been talking to do they share the white house's idea that this is the opportunity to do something big or more just despairing about what a mess this is? >> well, both of those things, if you like. there is a sense of dysfunction, there is a sense of paralysis, there's a sense of deep concern because, look, the united states is the world's most stable economy. the u.s. dollar is this is just politics, it's not, it's real oceanides to come to an agreement because what it does want to do is jeopardize its position as the world's most stable economy. i think certainly from outside the united states, that's what people are looking at. they're very concerned, even though the markets haven't sputtered or haven't been sent in to a total twitter, if you like at the moment, it might happen. because they're very concerned that this doesn't go right down to sort of the nail biting, last minute deadline. >> on sunday "this week" is a big news maker. >> yes, bill daly, president's chief of staff, we'll talk about the current negotiations and all about not just that, but the way the world is looking
big, though the top house republican bailed out last night, saying, it's time for a smaller plan. the white house chief of staff said the president isn't giving up. >> he's not someone to walk away from a tough fight. this is very tough. no question about it. but he didn't come to this town to do little things. he came to do big things. >> reporter: how big? the president was willing to put social security considered a sacred cow to democrats, on the table. as well as major charges to the tax code. his plan would cut the deficit by $4 trillion. twice what republicans pose. here's the standoff. while republicans like the idea of cutting hundreds of billions of dollars from medicaid, medicare and social security, democrats don't. >> we do not support cuts in benefits. >> reporter: and republicans refuse the president's plan to cutting subsidies on oil and gas companies and closing tax loopholes for other businesses. >> to gege a big package would require a big tax increase. we think it's a terrible ideaea it's a job killer. >> reporter: so, republicans want to return to negotiating
before the country defaults on its debt? there's a big white house meeting today. >>> on the run, a stunning statement from the country's new secretary of defense. al qaeda's defeat is within reach. is america close to a victory over the terror network? >>> stolen life. kidnapped and held captive for 18 of her 31 years. jaycee dugard speaks exclusively to abc's diane sawyer about what it was like to be a prisoner, now, finally to be fre >> wow. i can walk into the next room and see my mom. wow, i can decide totoump in the car and go to the beach with the girls. wow. >> unbelievable. >> and, royal red carpet. it was the biggest night yet for the royal newlyweds of north america. hollywood's biggggt stars were out. but no surprise, it was kate who stole the show. we are live ininos angeles for will and kate's big hollywood moment. >> announcer: from abc news, this is a special edition of "good morning america," now, live from the belasco theater in los angeles, california, and new york city, weekend anchors bianna golodryga and dan harris. >> good morning, america, you're looking a
solution, the big solution which includes tax reform and dealing with entitlements. maybe i am a whistling past the graveyard, but for the first time, i feel a tiny bit of help they can get this done. >> did we hear a suggestion from john boehner this week that a bank might consider an increase in tax revenues? -- that date might consider an increase in tax revenues? >> if you sync social security, not a crazy idea, that is a tax increase -- >>>> it is not a tax increase, it is a reduction in benefits. >> obama has, so far, thrown in the palace. says he wants of the polls close, but that wjla.com -- he says he wants loopholes closed, but that kind of increase does not get you very far. where do you cut? you have to cut everywhere, especially entitlements, especially defense. but you also have to out tax increases. >> has obama at thrown in the towel? >> that is not true. obama, as i understand it, as presented a range of options. the outside one was $4 trillion. the little group decided to drop through the weekend about getting to the big one $4 trillion which would include tax reform, may
congressional leaders that they and the white house can still do big things, in his word, take on this critical challenge. live in the sat plight center. abc 7 news. >> thanks for that report. for instant updates on the still unfolding story you can log on to wjla.com. >>> turning now to another developing story tonight for second time today, a plane has been intercepted near camp david where the president is spending part of his weekend. two f-16s intercepted just before 7:00 tonight, the plane landed where the pilot was met by law enforcement. the first plane was intercepted at around noon today, and landed without incident. meanwhile, we're also following latest developments in a triple shooting in trendy d.c. neighborhood. two men were killed and third is in critical condition tonight. we now know the identities of the men killed. police say that they are 32-year-old jimmy simmons and 31-year-old domonique barber. the shooting happened before 6:00 this morning on parkwood place in columbia heights. neighbors say they heard shots fired after a dice game turned violent. >> this is really trau
know is 50% more debt than spain, greece, portugal, ireland put together. it's too big to save. and that makes it very difficult, very important for the global economy. >> what unprecedented issues? carla, do you think all this is priced into the market? what kind of a market areou expecting for the rest of the year? do you think we take a downturn in stock prices ifn fact europe continues to worsen, if in fact we get that guidance that sriis talking about that they're actually taking guidance down for the rest of the year. >> i think people will be cautious. i'm not sure they'll be as strident taking it down. but a note of caution for the second half of the year. there are still some things that are outstanding, if you will. as you know, my consistent refrain is that the market hates uncertainty and surprise. so i think that overall we'll have a positive market environment. but i do think it will be in a trading range as some of the uncertainties like the ones you articulated work themselves out. >> how do you invest? >> i think you want to be defensive. i think the u.s. marke
Search Results 0 to 7 of about 8